The TBIS whitepapers and other marketing materials included detailed descriptions of several products and services that would be available on the TBIS platform, as well as slogans that TBIS used: Company as a Service\u2122, Bring Your Own Cloud\u2122 (BYOC\u2122), DEXchange\u2122, Mining as a Service\u2122, Instant ICO Incubator\u2122, Desktop as a Service\u2122 (DaaS\u2122), CryptoEscrow\u2122, The Ultimate Strength of the Blockchain \u2026 Unleashed\u2122, VORDEX\u2122.<\/p>\n<\/blockquote>\n

Like many blockchain projects, TBIS laid out its plans for the future in a white paper, promising its BAR token would be useful for accessing a platform offering real services. It signed up at least 75 people who paid in cash and likely more who paid with other cryptocurrencies, apparently taking in around $21 million. But at least $200,000 of that money went to Stollery\u2019s bank account, $50,000 was used to pay off credit card bills, and some was used for non-TBIS payments like the bills for Stollery\u2019s condo in Hawaii.<\/p>\n

On top of all this, TBIS claimed there had been a major BAR hack and issued a second coin, TBAR, to replace it. The original BAR coin, however, continued to be traded on exchanges.<\/p>\n